Zebra Technologies (ZBRA) Price Target Raised to $195.00

Zebra Technologies (NASDAQ:ZBRA) had its price target raised by equities research analysts at Imperial Capital from $190.00 to $195.00 in a research report issued to clients and investors on Thursday. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Imperial Capital’s target price points to a potential upside of 7.60% from the company’s current price.

Other equities analysts have also issued research reports about the company. BidaskClub upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 28th. Needham & Company LLC raised their price objective on Zebra Technologies from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. They noted that the move was a valuation call. Northcoast Research set a $200.00 price objective on Zebra Technologies and gave the stock a “buy” rating in a research note on Tuesday, August 7th. JPMorgan Chase & Co. set a $170.00 price objective on Zebra Technologies and gave the stock a “buy” rating in a research note on Monday, August 6th. Finally, Morgan Stanley raised their price objective on Zebra Technologies from $135.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $168.33.

NASDAQ:ZBRA traded up $0.99 during mid-day trading on Thursday, hitting $181.23. 3,800 shares of the stock were exchanged, compared to its average volume of 556,245. The stock has a market cap of $9.60 billion, a P/E ratio of 28.32 and a beta of 1.55. The company has a current ratio of 1.09, a quick ratio of 0.64 and a debt-to-equity ratio of 1.51. Zebra Technologies has a fifty-two week low of $101.49 and a fifty-two week high of $184.75.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $2.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.60 by $0.28. Zebra Technologies had a return on equity of 49.81% and a net margin of 7.55%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm posted $1.87 EPS. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Zebra Technologies will post 9.62 EPS for the current year.

In other news, CEO Anders Gustafsson sold 24,916 shares of Zebra Technologies stock in a transaction on Monday, August 13th. The stock was sold at an average price of $163.15, for a total value of $4,065,045.40. Following the transaction, the chief executive officer now owns 314,092 shares in the company, valued at approximately $51,244,109.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andrew K. Ludwick sold 5,192 shares of Zebra Technologies stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $162.14, for a total value of $841,830.88. Following the completion of the transaction, the director now owns 40,508 shares in the company, valued at approximately $6,567,967.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,835 shares of company stock worth $8,892,693. Corporate insiders own 2.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of ZBRA. Psagot Investment House Ltd. bought a new position in shares of Zebra Technologies in the 2nd quarter valued at $129,000. Reilly Financial Advisors LLC bought a new position in shares of Zebra Technologies in the 3rd quarter valued at $142,000. Synovus Financial Corp bought a new position in shares of Zebra Technologies in the 2nd quarter valued at $148,000. Moneta Group Investment Advisors LLC bought a new position in shares of Zebra Technologies in the 2nd quarter valued at $158,000. Finally, Gilder Gagnon Howe & Co. LLC bought a new position in shares of Zebra Technologies in the 2nd quarter valued at $180,000. Institutional investors own 87.27% of the company’s stock.

About Zebra Technologies

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

Further Reading: Understanding Market Liquidity

Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

Receive News & Ratings for Zebra Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply